Market Weekly: Feb 5 Feb 9 2018

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  • #14810
    Assistanc3
    Participant

    This weeks U.S. market data includes ISM and Markit services…

    [article]557[/article]

    #14811
    Assistanc3
    Participant

    Two-year Treasury yield is above S&P 500 dividend yield for first time since crisis.

    #14812
    Assistanc3
    Participant

    Asia stocks begin with firm losses as Friday’s stock market sell-off on Wall St, dampens sentiment in the region and amid a further rout in US equity futures; ASX 200 (-1.3%), Nikkei 225 (-1.8%), KOSPI (-1.4%)

    #14815
    Assistanc3
    Participant

    UK Markit/CIPS January services PMI 53.0 vs 54.1 exp
    Eurozone Markit January services PMI final 58.0 vs 57.6 exp
    Germany January final services PMI 57.3 vs 57.0 prelim
    France Markit January services PMI final 59.2 vs 59.3 exp
    Eurozone December retail sales m/m -1.1% vs -1.0% expected
    Italy January services PMI 57.7 vs 56.0 expected
    Eurozone February Sentix investor confidence 31.9 vs 33.2 expected
    Spain January services PMI 56.9 vs 55.4 expected

    #14816
    Assistanc3
    Participant

    S&P 500 futures

    Dow futures now tanking over 300 points

    #14818
    Assistanc3
    Participant

    Quicken Loans overtook longtime leader Wells Fargo to become the largest retail mortgage lender in Q4 with $25.1B in direct-to-consumer home loans.
    Wells was still bigger than Quicken if including correspondent loans, or mortgages purchased from other lenders shortly after they were originated.

    The last company to edge out Wells Fargo was Countrywide Financial in 2004.

    #14819

    ^^^ +3 and THANK YOU to our EDITOR & CHIEF for excellent insight into week ahead 8)

    #14820

    A3 must be awake & buyin’ now 😉 8) … DOW went 355 down to 25,165 as session low & later went green … still in high volatility it’s down now about 48 points but seems to be holding

    #14821
    MoneyNeverSleeps
    Participant

    [quote=”Assistanc3″ post=4582]Quicken Loans overtook longtime leader Wells Fargo to become the largest retail mortgage lender in Q4 with $25.1B in direct-to-consumer home loans.
    Wells was still bigger than Quicken if including correspondent loans, or mortgages purchased from other lenders shortly after they were originated.

    The last company to edge out Wells Fargo was Countrywide Financial in 2004.[/quote]

    Wow had no idea Quicken was so big – let alone the biggest and Countrywide that is a scary pairing

    #14825

    [color=red][b]MINUS 400 for DOW & sinking :woohoo:
    as markets have hit an ICEBERG :ohmy:
    and bears are blowing out all the bull hold points in the pits 😳 [/b][/color]

    #14828

    KRYTPOs also tanking BITCOIN=$6950 :woohoo:

    #14832

    #14833

    [color=purple][size=5][b]And BUMBLES BOUNCE as DOW cuts LOSSES in HALF
    A3 & PPT & esp. computerized trading is BUYING ON DIP … DOWN from MINUS 1500 to MINUS 800[/b][/size][/color]

    Near 3:00 p.m. ET, the Dow was off as many as 1,579 points, or 6.2%, while the S&P 500 was off 117 points, or 4.2% and the Nasdaq was down 257 points, or 3.5%. This slide has sent the Dow below the 25,000 milestone, which it eclipsed for the first time in early January. The blue chip index is now negative for the year after having gained 6% in just the first few weeks of the year.

    #14836


    [size=6][color=red][b]Dow Jones 24,342.55 -1,175.41 (-4.60%)
    S&P 500 2,648.92 -113.21 (-4.10%)
    Nasdaq 6,967.53 -273.42 (-3.78%)[/b][/color][/size]

    #14840
    Assistanc3
    Participant

    S&P 500 futures are lower by 1.4%, adding to the regular session’s 4.1% tumble.
    DJIA futures are down 1.8%, and Nasdaq 100 1.1%.

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